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Over that time, PayPal Holdings, eBay, and Microsoft Corp., all based in the United States, have reduced thousands of positions.
The total number of layoffs for the entire previous year was 263,000.
Analysts cited by the Financial Times claim that corporations might have initiated the layoffs to show shareholders that they are financially disciplined. This also frees up resources for investments in new sectors, like artificial intelligence and generative content creation.
"Layoffs will continue and may be even more widespread," said Jefferies analyst Brent Thill.
source: layoffs.fyi
The total number of layoffs for the entire previous year was 263,000.
Analysts cited by the Financial Times claim that corporations might have initiated the layoffs to show shareholders that they are financially disciplined. This also frees up resources for investments in new sectors, like artificial intelligence and generative content creation.
"Layoffs will continue and may be even more widespread," said Jefferies analyst Brent Thill.
source: layoffs.fyi
